Published on 6/27/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $219,000 enhanced barrier digital notes linked to Euro Stoxx, EM ETF
By Angela McDaniels
Tacoma, Wash., June 27 – Citigroup Global Markets Holdings Inc. priced $219,000 of 0% enhanced barrier digital securities due Dec. 29, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the lesser-performing underlying is greater than or equal to its final barrier level, 75% of its initial level, the payout at maturity will be par plus 12.7%. Otherwise, investors will lose 1% for every 1% that the lesser-performing underlying declines from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Enhanced barrier digital securities
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Underlying: | Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
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Amount: | $219,000
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Maturity: | Dec. 29, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of lesser-performing underlying is greater than or equal to final barrier level, par plus 12.7%; otherwise, 1% loss for every 1% that lesser-performing underlying declines from initial level
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Initial levels: | 3,466.92 for index and $42.77 for ETF
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Final barrier levels: | 2,600.19 for index and $32.078 for ETF, or 75% of initial levels
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Pricing date: | June 21
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Settlement date: | June 28
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | Structuring fee of up to 0.25% to selected dealers
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Cusip: | 17326YMZ6
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